Labels

Sunday, March 18, 2012

NIGERIA LOSES N8.05 Tr OIL DEALS

Members of the Niger Delta People Volunteers Force march in support of Nigeria's President Goodluck Jonathan on fuel subsidies removal in the oil hub city of Port Hacourt

LOCAL oil servicing firms in the Niger Delta axis of Nigeria, have so far loss over $50 billion, around N8.05 trillion to alleged unwholesome activities in the petroleum sector of the country's economy.

Though this is currently a major source of worry to the local players in the industry who had high hopes on the Local Content Act, as a major legal weapon to boost their businesses.

Industry watchers say the rip-off is largely due to the activities of foreign mafia who are said to be well-entrenched in the allegedly corrupt oil sector.

2 comments:

Why did Rob Kardashian unfollow Blac Chyna on Instagram?Latest news of the Kardashian family. Did Rob Kardashian and Blac Chyna break up again? Why did Rob delete all their photos from his Instagram? Find out here right now!The relationship between Rob Kardashian and Blac Chyna always attract the attention of the audience. And finally people found out the reason why Rob Kardashian keeps unfollowing Blac Chyna and then deletes all their photos from his Instagram. In the newest episode of the reality TV show star told that his pregnant girlfriend always gets pissed very easily and then kicks Rob out of their home. https://ask.naij.com/celebrities/why-did-rob-kardashian-unfollow-blac-chyna-on-instagram-i26619.html